California Homeowners Insurance Coverage

The following brief descriptions are provided to assist in understanding the coverage options available. Any coverage provided by a Wawanesa Insurance Policy is subject to the actual policy wording, endorsements, and declaration page(s) and all terms, conditions, limitations and exclusions therein.

We offer one of the most comprehensive Homeowners Protection Programs for your insurance dollar. Some important program features included in our policy at no additional costs are:

DWELLING EXTENDED REPLACEMENT COST Provides peace of mind that if your home is completely destroyed it will be rebuilt, even if the cost exceeds your policy limit, up to 125% of your coverage limit.*

INFLATION GUARD Helps to keep your limits of insurance equal to the current replacement value of your home.

REPLACEMENT COST ON CONTENTS Guarantees that most of your personal property will be replaced at current replacement cost. Items such as antiques, memorabilia, fine arts... will be settled at actual cash value.*

* Dwelling Extended Replacement Cost and Replacement Cost on Contents do NOT APPLY to damage from the peril of Earthquake, if coverage for Earthquake is selected.

BASIC PROTECTION

This affords insurance coverage for your home on an extended replacement cost basis. Your home is protected against risks of direct physical loss, except as otherwise excluded.

Coverage B - Other Structures

This provides coverage against risks of direct physical loss to your detached buildings on an extended replacement cost basis up to an amount equal to 10% of the coverage limit on your dwelling, except as otherwise excluded.

7. $2,500 for loss by theft of silverware, silver-plated ware, goldware, gold-plated ware, platinumware, platinum-plated ware and pewterware. This includes flatware, hollowware, tea sets, trays and trophies made of or including silver, gold or pewter.

8. $2,500 on property, on the "residence premises", used primarily for "business" purposes.

9. $1,500 on property, away from the "residence premises", used primarily for "business" purposes.

10. $1,500 on portable electronic equipment that reproduces, receives or transmits audio, visual or data signals, is designed to be operated by more than one power source, one of which is a "motor vehicle's" electrical system, and is in or upon a "motor vehicle".

11. $250 for antennas, tapes, wires, records, disks or other media that are used with electronic equipment that reproduces, receives or transmits audio, visual or data signals, and is in or upon a "motor vehicle".

This provides coverage for additional living expenses should a covered loss cause your home to be uninhabitable. We cover necessary additional expenses, up to an amount equal to 20% of the coverage limit on your dwelling , so that you can maintain your household at its normal standard of living.

WORKERS COMPENSATION

Required by California state law, this coverage applies only to non-business pursuits. Occasional employee coverage is automatically provided for each employee who works less than ten hours per week, and whose duties are incidental to the ownership, maintenance or use of the residence; i.e., baby-sitter, gardener, housecleaner, etc..

OTHER BASIC COVERAGES

We will pay reasonable costs incurred by you, up to our coverage limit, to prevent further damage such as removal of debris and fire department service charges incurred to protect the property.

The basic policy does not automatically provide coverage against the peril of Earthquake. Limited coverage, on an actual cash value settlement basis, is offered on every homeowners policy. Dwelling coverage is limited to the amount of coverage provided under Coverage A - Dwelling on the basic policy. Personal Property coverage is limited to $5,000. Additional Living Expenses is provided but limited to $1,500. Extended Replacement Cost Coverage does not apply and this optional coverage is subject to a deductible limit equal to 15% of the coverage limit on your dwelling.

D. Credit Card, Fund Transfer Card, Forgery & Counterfeit Money

The basic policy limit of $500 coverage for losses created by your legal obligation to pay because of theft or unauthorized use of credit or fund transfer cards, check forgery or the good faith acceptance of counterfeit money can be increased up to $10,000.

For qualifying homeowners, this endorsement may be added to increase various limits under Section I – Property Coverages under Coverage C – Personal Property, Special Limits of Liability and Coverage E – Additional Coverages as follows: